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Gold Struggles for Direction

Stock quotes in this article: IAU , GLD , SCHN , SWC , SLV , SLW  

Gold was edging marginally lower Tuesday, but mixed economic data prevented traders from finding sustained direction.

Contracts for February-dated gold contracts were recently slipping 90 cents at $647 an ounce. The bullion exchanged-traded funds streetTracks Gold Shares and iShares Comex Gold Trust(IAU Quote), were also falling, off 0.4% recently.

On the economics front, the Institute for Supply Management says its non-manufacturing index rose to 58.9 in November from 57.1 in the prior period. Forecasts called for a reading of 55.5. A figure of over 50 shows expansion in the non-manufacturing parts of the economy. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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